INTERNATIONAL. Will Chancellor Angela Merkel be forced to spend rather than save? Like President Hollande, Germany's opposition Social Democrat Party (SPD) is calling for a growth package that would draw on existing funds and not create new debt.
UAE. S&P expects Abu Dhabi's government balance will worsen further based on the ratings agency's updated oil price assumptions; However, the emirate's large net asset
position will continue to give it a considerable buffer to support the economy; Continued structural and institutional weaknesses anticipated.